WE Financial Services Ltd (WE) is a Corporate Member of the Pakistan Stock Exchange Guarantee Limited and has been facilitating investments since the days of the outcry system in 1993.
Operations began with former equity partner Smith New Court (SNC) of Singapore. Following SNC's acquisition by Merrill Lynch, WE partnered with Teather & Greenwood (PLC), a 150 year old retail broking house of the UK, in 1996.
The best practices, corporate ethics, and standard operating procedures of these international giants have ever since been inculcated within the culture of WE Financial Services.
WE invest in relationships
The emphasis on professionalism is appreciated by our partners and has helped us earn their respect which manifests in strong mutually beneficial relationships.
We work closely with numerous reputed financial institutions in Pakistan to help them achieve their investment objectives. Services are customized as per their need and it is ensured that the whole process is smoothly completed for the benefit of our partners.
This has enabled WE to earn and sustain our client's fervent trust over the years, thus building winning relationships. Our clients' belief in our competence has encouraged us to grow in order to help them grow.
Going Forward
With deep-rooted ties within the local financial markets, WE now seek to expand our horizon of professional and business relationships and establish ourselves as an internationally known entity.
Regulatory Information
Tree Code: 062
Company Registration No: 0030095
Sales Tax Registration No.: 17-03-9813-052-73
NTN No.: 1007662-0
Bankers to the company
- HBL
- UBL
- BANK AL HABIB
- METROPOLITAN BANK
- BANK AL FALAH
- MIB (NIB)
- MCB
- MEEZAN BANK
- SONERI BANK
- BANK ISLAMI
- BANK OF KHYBER
Welcome to WEonline.biz,(WE@) a division of WE Financial Services Ltd., the place where you will have access to the best that technology has to offer to trade at The Pakistan Stock Exchange Ltd. for all your financial goals.
The services offered are unmatched and are backed by systems that are acknowledged by the leading technology provider-Intel. Efficient system designs will let you concentrate on trading rather than frowning on service providers. And when we say "systems", we mean both human and technology based systems as trading is just one of the instances where you interact with us.
The value of money that you receive magnifies manifolds when you consider the costs, which are very competitive and can be customized according to your needs. Why pay for services that you do not need when you can subscribe to our various plans based on your preference and eliminate the extra cost?
We have ensured that in addition to our systems being flexible and scalable, our offerings are also unmatched. We strive to assist you to make an informed decision to reach your financial goals.
If you're still not convinced, click on why WEonline.biz or call now at (021) 111-451-451 to find out more about our services from our Customer Services Representative.
WE Investments (WEi) is your one stop place to put your investments on auto-pilot to achieve your investment goals and focus on your passion. Investment managers at WE Investments will help you set your target and provide you with an optimal way to reach that target. Our Investment Managers continuously monitor your investments and adapt according to the changing financial market conditions to achieve your objective based on your risk profile.
WEi was incorporated on December 07, 1994 as a private limited company and subsequently converted into public limited company in 2004 with the principal objective to act as an investment advisory company to mutual funds, and offer related financial services.
Total paid-up capital of WEi is PKR 50 million. WEi is licensed by the Commission to act as an Investment Advisor under Rule 5(2) of the NBFC Rules, vide License No. NBFC-42/IA-09/2005 dated October 04, 2005.
Investment Advisory
Dealing with a WE advisor gives you informed-control over your investments and offers you 3 significant advantages:
1- You enjoy access to a complete range of investment vehicles
2- You obtain clear, unbiased information and explanations that facilitate your decision making
3- You benefit from the rich objective advice of an experienced investment professional
Fund Management
WEi launched its first fund namely WE Balanced Fund (PSX: WEBF), a close-end fund, in November 2006, with a paid up capital of Rs. 200 million. The Fund had distributed a cash dividend of Rs. 1.05, which was a 90.52% payout against its net earnings in its first year since inception.
Foreseeing the economic direction in 1Q08, the Fund's investment advisor decided to protect the certificate holders' capital as opposed to exposing them to relatively higher risk that they expected from a balanced fund. The equity portfolio of WE Balanced Fund was thus off-loaded at premium levels compared to market rates prevalent at that time. The sole intention was to lock the Net Asset Value of the Fund above par value: Rs. 10 per certificate. Hence, the liquidation proceeds of WE Balanced Fund were distributed to the Certificate Holders of the Fund on the basis of the NAV of Rs. 10.16 per Certificate during October, 2008.
Risk Management
Risk management is an integral part of our trading platform, and our acumen has evolved over time with our rich experience. Our trading platform will undertake all the necessary steps that are required for efficient risk management of both our clients as well as for WE.
WE have always focused on effective risk management as is evident from a zero percent default ratio before, during and after the recent crisis. This will ensure sustenance of our clients' trust and continuity of our operations towards the achievement of our goals.
WE are also a member of National Commodity Exchange Ltd. (NCEL) through our subsidiary WE Commodities Limited (WEc). WE formed this platform to provide you with greater diversity and add a new dimension to your investment portfolio.
Following Commodity contracts are avilable at NCEL:
- Gold (10gm & 100gm),
- Plam Oil,
- Rice, and
- 3 month KIBOR futures to diversify and capitalize on further investment opportunities.
Currently the commodity exchange is in its infancy and the investor interest in different products introduced by NCEL is gradually increasing. As the market matures, you can expect us to provide you with the best insights relative to the market and keep you informed to use these market movements to your advantage.